Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Trading 0.6% Higher Following Dividend Announcement

Key Points

• Morgan Stanley Emerging Markets Debt Fund shares rose 0.6% to $7.13 after the fund announced its dividend, with trading volume 55% above average.
• Shareholders of record on September 30 will receive a $0.145 dividend on October 15, equivalent to $0.58 annually and an 8.1% yield.
• Several institutional investors established or increased positions in the fund during the first and second quarters, including Beacon Pointe Advisors, Bank of America, and Rareview Capital.

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - Get Free Report) shares shot up 0.6% during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $7.14 and last traded at $7.13. 80,045 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 51,804 shares. The stock had previously closed at $7.09.The newly announced dividend which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Morgan Stanley Emerging Markets Debt Fund Stock Up 0.6%

The company has a fifty day moving average of $7.26 and a 200 day moving average of $7.32.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Hedge funds have recently bought and sold shares of the company. Beacon Pointe Advisors LLC bought a new stake in Morgan Stanley Emerging Markets Debt Fund during the second quarter valued at $13,496,000. Bank of America Corp DE bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the 2nd quarter worth about $10,272,000. PenderFund Capital Management Ltd. acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the 2nd quarter valued at about $2,968,000. Royal Bank of Canada lifted its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 1.6% in the 1st quarter. Royal Bank of Canada now owns 452,466 shares of the company's stock valued at $3,176,000 after purchasing an additional 7,294 shares during the period. Finally, Rareview Capital LLC boosted its position in shares of Morgan Stanley Emerging Markets Debt Fund by 15.6% during the 2nd quarter. Rareview Capital LLC now owns 312,755 shares of the company's stock valued at $2,418,000 after purchasing an additional 42,128 shares in the last quarter.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol MSD. The fund is managed by Morgan Stanley Investment Management and seeks to provide investors with current income and, to a lesser extent, capital appreciation through investments in emerging-market debt securities.

The fund invests primarily in fixed-income securities issued by governments, government-related entities and companies in emerging-market countries.

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